Focus Partners Advisor Solutions LLC Takes Position in Rayonier Inc. $RYN

Focus Partners Advisor Solutions LLC acquired a new position in shares of Rayonier Inc. (NYSE:RYN - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 9,535 shares of the real estate investment trust's stock, valued at approximately $266,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. American National Bank & Trust acquired a new position in shares of Rayonier during the first quarter valued at $28,000. Elequin Capital LP bought a new stake in Rayonier during the 1st quarter worth about $30,000. Parallel Advisors LLC lifted its position in Rayonier by 133.5% during the 1st quarter. Parallel Advisors LLC now owns 1,123 shares of the real estate investment trust's stock valued at $31,000 after purchasing an additional 642 shares during the period. GKV Capital Management Co. Inc. bought a new position in shares of Rayonier in the 1st quarter valued at about $32,000. Finally, Byrne Asset Management LLC bought a new position in shares of Rayonier in the 1st quarter valued at about $38,000. 89.12% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the stock. Wall Street Zen raised shares of Rayonier from a "sell" rating to a "hold" rating in a research note on Saturday, August 9th. Citigroup upped their target price on shares of Rayonier from $26.00 to $27.00 and gave the company a "neutral" rating in a research report on Thursday, August 21st. Finally, Royal Bank Of Canada increased their price target on Rayonier from $26.00 to $27.00 and gave the company a "sector perform" rating in a research note on Friday, August 8th. One research analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $28.00.

Rayonier Trading Down 1.7%

Rayonier stock traded down $0.47 during mid-day trading on Friday, hitting $26.31. 816,283 shares of the company's stock were exchanged, compared to its average volume of 877,302. The company's 50 day simple moving average is $25.10 and its 200-day simple moving average is $24.89. The company has a quick ratio of 3.38, a current ratio of 3.50 and a debt-to-equity ratio of 0.37. The firm has a market capitalization of $4.06 billion, a P/E ratio of 5.31 and a beta of 1.01. Rayonier Inc. has a fifty-two week low of $21.84 and a fifty-two week high of $32.88.

Rayonier (NYSE:RYN - Get Free Report) last announced its earnings results on Wednesday, August 6th. The real estate investment trust reported $0.06 EPS for the quarter, topping the consensus estimate of $0.03 by $0.03. The firm had revenue of $106.50 million for the quarter, compared to the consensus estimate of $95.30 million. Rayonier had a net margin of 68.53% and a return on equity of 3.39%. The business's quarterly revenue was up 6.9% on a year-over-year basis. During the same period last year, the company posted $0.02 EPS. On average, equities analysts anticipate that Rayonier Inc. will post 0.55 earnings per share for the current year.

Rayonier Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Tuesday, September 16th will be paid a dividend of $0.2725 per share. The ex-dividend date is Tuesday, September 16th. This represents a $1.09 annualized dividend and a dividend yield of 4.1%. Rayonier's payout ratio is currently 22.02%.

Rayonier Company Profile

Rayonier is a leading timberland real estate investment trust with assets located in some of the most productive softwood timber growing regions in the United States and New Zealand. As of December 31, 2023, Rayonier owned or leased under long-term agreements approximately 2.7 million acres of timberlands located in the U.S.